Buildings | Building 1 at 607 Hebron Road has 6 units and was built in 1987; Four units are 2 bedrooms with 2 baths; and two are 1 bedroom with 1 bath. Each unit has a covered carport. Building 2 at 609 Hebron Road has 6 units and was built in 2001; all six units are 2 bedrooms with 2 baths. All 12 units have a washer/dryer, kitchen with dishwasher, stove, and refrigerator, living room with cable and/or satellite available, deck or porch and plenty of parking. The buildings are very attractive and well maintained and sit on a beautifully landscaped lot with a huge yard. Building 1 had a new roof in 2008. Five of the units are accessible with no steps at all. Three units are handicap adaptable. All 2-bedroom units are approximately 900-square-feet and the one bedroom units are approximately 675-square-feet. The property is set up as condominiums so there are multiple deed book/page references but all owned by one partnership and treated as apartments by the owners. The property is in the city of Hendersonville, zoning is R15, and acreage is 1.94mol with abundant parking. As condos, the units could be easily sold individually if the owner chose to do so.

The Location | Located on Hebron Road within walking distance to downtown Hendersonville and a short drive from the Hendersonville Country Club.

Possibilities | Ideal investment for the landlord looking for a stable residential property with a great rental history. The 1-bedroom units rent for around $500/month and the 2 bedroom units for around $600-650. Gross rents were $80,364 in 2009 and $81,117 in 2008. Taxes for 2009 were $7404 and Insurance was $3277.

Features | Key features include:

• Walking distance to downtown Hendersonville, shopping and restaurants
• Building size: 10,340 square feet mol, 12 units
• Lot: 1.94 mol acres
• Exterior: Building 1 has wood siding, Building 2 has Hardiboard/cement siding
• Heat: Forced warm air
• Cooling: Central air
• Utilities: Electric, city water, city sewer, natural gas, cable and phone
• Access: City street
• Zoning: R15
• Parking: 22 spaces with 6 covered carports

MLS | North Carolina Mountains MLS 472101

Price | Reduced from $1,198,000 to $1,098,000

Contact | To schedule a private showing, please contact Jim Kirkpatrick, owner/broker